“Farm subsidies put a huge burden on the government finances, but are necessary for the poor and marginal farmers.”
Justify the given statement.
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Solution and Explanation
Farm subsidies are essential despite their financial burden for the following reasons:
Support for Marginal Farmers: Subsidies provide financial aid to small and marginal farmers, enabling them to access fertilizers, seeds, and irrigation facilities.
Stabilizing Food Supply: They help ensure consistent agricultural production, leading to food security for the nation.
Reducing Rural Inequalities: Subsidies mitigate income disparities in rural areas by supporting resource-poor farmers.
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